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Showing posts from September, 2017

101-PIPS IN DUKASCOPY TRADING COMPETITION SHOWS THE POWER OF BULL CROWN SETUPS

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This trade was done in this competition instead of being sent out as a Trading Signal because the setup on the 4 H Chart was a little too risky to justify trading on a Live Account. Nevertheless, the Setup and Trade Result highlighted the importance of Bull Crowns in providing Trend Changing Signals that can be profitable. Below you can see the screen shot of the Section of the Trading Manual that speaks to Bull and Bear Crowns, also known as Head & Shoulders Patterns.  As you will also see in the Video Below, this Bull Crown was done within a Large Pennant Setup on the Daily Chart, where Trend Changes take place frequently using these Signals to start strong moves.                       VIDEO ANALYSIS OF 101-PIP TRADE RESULT This was yet another example to show that, once you spot these powerful Candlestick Patterns that take place with Trend Changes, you can aggressively and confidently trade them with my Strategies, so long as t

USD JPY BREAKOUT AS PREDICTED IN TWEET

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This pair had started to rally last week as part of the False Breakout Reversal on the Pennant Setup. As you recall, this allowed us to capture a 3% Rate of Return on the Long Position held on that currency. DAILY CHART SETUP & FORECAST 4 HOUR CHART TRADE SETUP (FXCM CHART USED FOR ENTRY SIGNALS- THEY PROVIDE BEST REPRESENTATION OF THE NEW YORK CLOSE OF THE DAILY CANDLE. LIVE TRADING TAKES PLACE ON MY FXPRO ACCOUNT.) FXPRO 4H CHART TRADE SETUP 4H CHART TRADE RESULT However, another important aspect of this Bullish movement was the accuracy of the forecast in the Tweet I sent out that predicted that a Breakout would take place above Resistance in the days ahead, to continue this False Breakout Reversal....                   ​ This was based on the fact that the Setup on the USD JPY was exactly as explained in the Trading Manual regarding False Breakouts.  Once